Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Blog

SEC Approves PCAOB’s Changes to Audit Reports

Public Companies and Securities The SEC has approved the Public Company Accounting Oversight Board’s (“PCAOB”) new standard for audit reports on public company financial statements. The new auditor reporting standard will require more information about the audit with the stated intention of making the auditor’s report more informative and relevant to investors. The standard includes the communication of critical... Read more →

by , and   |   October 24, 2017

ISS Policy Application Survey Highlights Director Pay and Gender Pay Gap

Executive Compensation, Public Companies and Securities This year ISS conducted two surveys. One was a high-level survey covering a small number of fundamental and high-profile topics.  We reported the results here.  ISS has now... Read more →

by   |   October 19, 2017

NASDAQ Company Discusses Plan for Initial Coin Offering

Public Companies and Securities Social Reality, Inc. (NASDAQ:SRAX) discussed its plans for an initial coin offering with analysts on October 17, 2017. Its stock closed up 70% on the news. It works something like... Read more →

by   |   October 17, 2017

New SEC C&DIs on Non-GAAP Financial Measures for Business Combinations

M&A, Public Companies and Securities The SEC staff has issued two new Compliance and Disclosure Interpretations, or CD&Is, on non-GAAP financial measures in the context of business combinations. In the first... Read more →

by   |   October 17, 2017

SEC Fines Director $25,000 for Two Missed Section 16 Filings

Public Companies and Securities In a settled enforcement action, the SEC assessed a civil money penalty against a director of Medient Studios, Inc. for two missed Section 16 filings. But there was really only... Read more →

by   |   October 13, 2017

PCAOB Issues Alert on New Revenue Recognition Standard

Public Companies and Securities The PCAOB has issued an alert to discuss certain significant matters relating to the application of PCAOB standards relevant to auditing the implementation of the new accounting... Read more →

by   |   October 12, 2017

SEC Issues Proposed Rules to Modernize and Simplify Regulation S-K

Public Companies and Securities The SEC has proposed amendments to Regulation S-K and related rules and forms. The proposed amendments are based on SEC staff recommendations in a report that was required by... Read more →

by , and   |   October 12, 2017

US Capitol Building

Treasury Issues Plan to Streamline Capital Markets Regulation

Public Companies and Securities Pursuant to Executive Order 13772, the Treasury Department has issued a report that identifies laws, treaties, regulations, guidance, reporting and record keeping requirements,... Read more →

by   |   October 6, 2017

Alleged Illegal Strategy Disclosed in 10-K Excuses Demand in Suit against Directors

Public Companies and Securities The Delaware Court of Chancery decision in Kandell v. Niv is based on highly unusual facts but aids in the understanding of some basic elements of the fiduciary duties of... Read more →

by   |   October 1, 2017